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Melco International DevelopmentMDEVY 73 Forward Rate of Return (Yacktman) % is 0.00% as of Dec. 2025. GuruFocus rates MDEVY with a GF Score™ of 73/100 and a GF Value™ of $2.87 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 564 Travel & Leisure companies, Melco International Development ranks better than 96.45% on this metric.
Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. Melco International Development's forward rate of return for was 0.00%.
The historical rank and industry rank for Melco International Development's Forward Rate of Return (Yacktman) % or its related term are showing as below:
MDEVY'
s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: 23.39 Med: 29.98 Max: 72.87
Current: 72.87
During the past 13 years, Melco International Development's highest Forward Rate of Return was 72.87. The lowest was 23.39. And the median was 29.98.
MDEVY's Forward Rate of Return (Yacktman) % is ranked better than 96.45% of 564
companies
in the Travel & Leisure industry
Industry Median: 10.26
vs MDEVY: 72.87
Unlike the Earnings Yield %, the Forward Rate of Return uses the normalized Free Cash Flow of the past five years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.
Melco International Development (OTCPK:MDEVY) Forward Rate of Return (Yacktman) % Explanation
Unlike the Earnings Yield, the Forward Rate of Return uses the normalized Free Cash Flow of the past five years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.
For the growth part of the Forward Rate of Return calculation, GuruFocus uses the 5-year average growth rate of EBITDA per share as the growth rate, and the growth rate is always capped at 20%. For the Free Cash Flow we use per share data averaged over five years. The reason we use five years is to make it comparable to the growth rate.
Be Aware
In the Forward Rate of Return calculation, the growth rate is added directly to today's free cash flow yield. Therefore the calculation is reliable only if the company can grow at the same rate in the future as it did in the past. Investors should pay close attention to this when researching growth stocks. A more accurate measurement for return is Return on Capital.
Melco International Development Forward Rate of Return (Yacktman) % Related Terms
Melco International Development Forward Rate of Return (Yacktman) % Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Melco International Development Forward Rate of Return (Yacktman) % Chart
MDEVY vs LVS, MGM, WYNN: Forward Rate of Return (Yacktman) % Comparison
For the Resorts & Casinos subindustry, Melco International Development's Forward Rate of Return (Yacktman) %, along with its competitors' market caps and Forward Rate of Return (Yacktman) % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Melco International Development Forward Rate of Return (Yacktman) % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Melco International Development's Forward Rate of Return (Yacktman) % distribution charts can be found below:
* The bar in red indicates where Melco International Development's Forward Rate of Return (Yacktman) % falls into.
Melco International Development Forward Rate of Return (Yacktman) % Calculation
Forward Rate of Return is a concept that Don Yacktman uses in his investment approach. Yacktman explained the forward rate of return concept in detail in his interview with GuruFocus. Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. He said in the interview (March 2012, when the S&P 500 was at about 1400):
If the business is stable, this calculation is fairly straightforward. For instance, on the S&P 500 we would normalize earnings. We would then calculate what percentage of those earnings are not reinvested in the underlying businesses and are therefore free. Historically, for the S&P 500, this has been just under 50% of earnings. Currently, we expect the S&P to earn about 70 on a normalized basis, a number which is far below reported earnings due to our adjusting for record high profit margins. $70 X ½ / 1400 gives you a normalized free cash flow yield of approximately 2.5%.
The historical real growth rate of the S&P 500 (companies) is about 1.5%. Assuming an inflation rate of 2.5%, the forward rate of return on an investment in the S&P 500 is about 6.5% today (2.5% free cash flow yield plus 1.5% real growth plus 2.5% inflation).
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
What does a Forward Rate of Return (Yacktman) % of 0.00% mean?
Melco International Development (MDEVY) has a Forward Rate of Return (Yacktman) % of 0.00% as of Dec. 2025. Yacktman's forward rate of return equals the sum of normalized free-cash-flow yield plus earnings growth. View historical data on Melco International Development and its competitors. Over the past decade, Melco International Development's Forward Rate of Return (Yacktman) % has ranged from 23.39 to 72.87. According to the industry distribution chart, Melco International Development ranks #20 out of 564 companies in the Travel & Leisure industry, placing it in the top 3.5%.
Is Melco International Development's Forward Rate of Return (Yacktman) % too high?
Melco International Development's current Forward Rate of Return (Yacktman) % is 0.00%. Over the past 10 years, this metric has ranged from a low of 23.39 to a high of 72.87. Based on the distribution chart, Melco International Development ranks #20 out of 564 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, Melco International Development has a GF Score™ of 73/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Melco International Development's Forward Rate of Return (Yacktman) % compare to LVS and MGM?
According to the Travel & Leisure industry distribution chart, Melco International Development ranks #20 out of 564 companies for Forward Rate of Return (Yacktman) %. This places Melco International Development in the top 4% of its industry — outperforming the majority of peers. The industry median Forward Rate of Return (Yacktman) % is 10.26. Historically, Melco International Development's own Forward Rate of Return (Yacktman) % has ranged from 23.39 to 72.87 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Forward Rate of Return (Yacktman) % for a Travel & Leisure company?
The median Forward Rate of Return (Yacktman) % among Travel & Leisure companies is 10.26, based on 564 companies in the industry. Companies in the top quartile (top 25%) have a Forward Rate of Return (Yacktman) % significantly above this median, while those in the bottom quartile fall well below. However, Forward Rate of Return (Yacktman) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Forward Rate of Return (Yacktman) % mean?
A high Forward Rate of Return (Yacktman) % can signal that a stock is expensive relative to its fundamentals. Yacktman's forward rate of return equals the sum of normalized free-cash-flow yield plus earnings growth. View historical data on Melco International Development and its competitors. For the Travel & Leisure industry, the median Forward Rate of Return (Yacktman) % is 10.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Melco International Development's current Forward Rate of Return (Yacktman) % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Melco International Development stock overvalued right now?
Based on GuruFocus' analysis, Melco International Development (MDEVY) is currently considered Possible Value Trap. The stock's GF Value™ is $2.87, compared to a current price of $2.14 — trading 25.4% below its estimated fair value. The current Forward Rate of Return (Yacktman) % is 0.00%. Melco International Development's overall GF Score™ is 73/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Forward Rate of Return (Yacktman) % calculated?
Forward Rate of Return (Yacktman) % is calculated from a company's financial statements. For Melco International Development (MDEVY), the current Forward Rate of Return (Yacktman) % is 0.00% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Melco International Development (MDEVY) Overvalued in 2026?
Based on GuruFocus' analysis, Melco International Development stock appears to be undervalued.
The current stock price of $2.14 is trading 25.4% below its estimated GF Value™ of $2.87.
GuruFocus considers Melco International Development to be Possible Value Trap.
Key valuation signals for MDEVY:
Forward Rate of Return (Yacktman) %: 0.00%
GF Value™: $2.87 vs. price of $2.14 (25.4% below fair value)
No single metric tells the full story. See the MDEVY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Melco International Development Ltd is a developer, owner, and operator of an international network of casino gaming and entertainment resorts. Its segments are the Casino and Hospitality segment, which generates maximum revenue, comprises the operation of casinos and the provision of hospitality services and facilities through Melco Resorts. Its resorts and properties include City of Dreams Cotai, Altira Macau, and Mocha Clubs in Macau; City of Dreams Manila in the Philippines; and City of Dreams Mediterranean and Cyprus Casinos in Cyprus. The Other segment comprises investments in a joint venture and associates, and other activities. Its operations are mainly located in Macau, the Philippines, Cyprus, and other regions, with maximum revenue derived from Macau.
73GF Score
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